The euro surged Thursday, trading at a one-month high versus the dollar after the European Central Bank disappointed investors by unveiling a smaller-than-expected package of additional stimulus measures.The euro EURUSD, -0.1645% traded as high as $1.0975 late Thursday in New York, a 3.3% increase from $1.0607, where it traded late Wednesday in New York.
In other currency trading, the dollar weakened against the yen USDJPY, -0.03% euro and the pound GBPUSD, -0.1453% after a disappointing reading on U.S. service-sector growth.
The ICE U.S. Dollar Index DXY, +0.10% a measure of the dollar’s strength against a basket of six rival currencies, was down 2.1% to 97.8900.
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